While I am interested going to an Air M3 from my Air M1 iPad, the problem is, that I only use it for (light) browsing, learning and watching some content. In that case the base M1 is more than enough. If I am “upgrading” I might downgrade to the newest base iPad as a small travel companion or upgrade to a real M4 Air McBook…
The best thing about the new base iPad is it now coming with some Apple Intelligence by default.